Allot Ltd. Ordinary Shares (ALLT) — Stock Correlations & Overview
Over the past year, ALLT has moved most closely with ODD, FITE, TLF. Explore the stocks most correlated and inversely correlated with ALLT below, along with its price, financials, and company profile.
Stocks correlated with ALLT
Correlation of daily returns. Higher positive values move with ALLT; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALLT
| Symbol | Company | Correlation |
|---|---|---|
| ODD | ODDITY Tech Ltd. Class A Ordinary Shares | 0.54 |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.51 |
| TLF | Tandy Leather Factory, Inc. Common StockLEATHER & LEATHER PRODUCTS | 0.50 |
| IZRL | ARK Israel Innovative Technology ETF | 0.49 |
| AIPI | REX AI Equity Premium Income ETF | 0.47 |
Most inversely correlated with ALLT
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.42 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.41 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.41 |
| TWM | ProShares UltraShort Russell2000 | -0.41 |
| RWM | ProShares Short Russell2000 | -0.40 |
Frequently asked questions about ALLT correlations
- Which stocks are most correlated with ALLT?
- Based on one year of daily returns, the stocks most correlated with Allot Ltd. Ordinary Shares (ALLT) are ODD (0.54), FITE (0.51) and TLF (0.50). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ALLT?
- Over the past year, the stocks most inversely correlated with Allot Ltd. Ordinary Shares (ALLT) are SARK (-0.42), TZA (-0.41) and SRTY (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ALLT correlations calculated?
- We compute the correlation of daily returns between ALLT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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